---
urn: urn:us-la:rs:51:3104
citation: "R.S. 51:3104"
status: active
breadcrumb: "Title 51 › Chapter 53"
acts_citations:
  - { year: 2007, number: 255, section: 1, effective_date: null, role: enactment }
---

# Designation of banking development districts; application

A. A local government, in conjunction with a financial institution, may submit an application, on a form prescribed by the commissioner, to the commissioner for the designation of a banking development district within a specified geographic area.

B. A financial institution may apply to open a branch in the banking development district at the time the local government submits an application for the designation of such a district.